Am I able to host a community solar system and also subscribe to it to save on my energy bills?
Absolutely. In this case, hosts of community solar systems will receive the guaranteed lease payment in addition to energy savings on their electric bills. Moreover, Ecogy will provide a comprehensive marketing and PR campaign for the host to show their dedication to sustainability and the community.
What happens if I decide to sell the building?
If you were to decide to sell the building at a future point, the lease agreement would simply be transferred over to the new owner the same as any other lease arrangement. Additionally, having this lease agreement in place actually makes your property more attractive to potential buyers as there is already an income opportunity established.
How does Ecogy offer no-cost solar?
Ecogy is unique in that we have internal capital to develop, finance, own & operate these projects. Rather than sell you on a very expensive solar system, we want to pay you to host one of our own - all on our dime. We believe it's a better option for us to own and operate these systems due to our experience and internal asset management team so that you can focus on your core business.
How will the system impact my roof?
Any damage we cause we are liable for. When feasible, we use ballasted, non-penetrating racking solutions for flat-roof applications. These systems are simply weighed down by concrete blocks avoiding any penetrations to your roof - minimizing any risk. Moreover, for standing seam roofs we use innovative clamps to avoid penetrations altogether.
Who has Ecogy worked with in the past and how long have you been around?
Ecogy was founded in 2011 with our first project for Longwood Gardens, the nation's largest botanical garden. Since then, we have found our niche specializing in financing distributed generation assets for traditionally underserved entities including affordable housing, non-profits and municipalities. Our current portfolio comprises over 35 systems across 6 states, D.C. and the U.S. Virgin Islands. Our most recent projects were for Howard University in D.C., the Wilmington Housing Authority in Wilmington, DE, and the Town of Lyndhurst, NJ.